Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

Singapore IMDA Suspends Simba's S$1.43 Billion M1 Acquisition on May 18 Over Spectrum Violations

GateNews

According to CNA, Singapore’s IMDA suspended its review of Simba, owned by Australian company Tuas, acquiring M1 from Keppel for S$1.43 billion (US$1.12 billion) on May 18 after discovering possible unauthorized use of unassigned radio frequency bands. IMDA stated the conduct may breach the Telecommunications Act and Simba’s operating license, findings that could affect whether the deal harms competition or raises public interest concerns.

Keppel, which owns M1, said it will allow the sale agreement to expire on May 21 and activate a backup plan to maintain majority ownership while implementing cost cuts and operational improvements at the telecom business.

View Source
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

1h ago
Nomura Raises Samsung and SK Hynix Price Targets on May 18, Both Rated 'Buy'
3h ago
Indonesia's Benchmark Index Falls 1.4% Intraday on May 18
05-16 18:29
Tiger Global Increases Spotify Stake by 25.3% to 1.6M Shares, SEC Filings Show
05-16 13:47
India Revises Silver Ingot Import Policy to Restricted Category
05-16 03:31
FTC Launches Antitrust Probe Into Arm's Chip Licensing Practices
In-Depth Analysis

Kenya arrests the mastermind of a fake gold scam, Mildred Kache, scamming 431k USDT from US investors

Market Whisper3h ago

Arm Faces an Antitrust Investigation by the U.S. FTC: Conflict of Interest in Licensing and Its In-House Chip Business

ChainNewsAbmedia05-16 04:54

Banco Topazio commits violations in crypto transactions worth $1.7 billion; Brazil’s central bank imposes a two-year ban

Market Whisper05-15 03:13
Comment
0/400
No comments